How CIOs can reduce IT costs at their organisation
Cutting unnecessary IT costs will give you more money to explore new ideas
These days, almost every company has to be a tech company. But IT costs can be prohibitive, with research from Lloyds finding that this area accounts for 20% of a new business' expenditure - the largest proportion after property (25%).
Another 2017 survey of businesses found that almost two-thirds (65%) reported that they were increasing IT operational spending, compared to only 18% who were reducing IT budgets. IT spending can cover a vast range of areas including business applications, networking, IT personnel, end-user technology and data centres.
Understandably, given the growing need for tech and IT solutions, many businesses are looking for ways to reduce their IT costs.
A more efficient IT set up will save time and money on maintenance and management that can free up funds for new projects and other business priorities.
Trimming down IT expenditure can also have the effect of streamlining and focusing IT strategy to make them more responsive to wider company aims.
Read on for CIO UK's advice on how to reduce your IT costs.